Back

Manila International Airport vs. COA [DECISION]

MANILA INTERNATIONAL AIRPORT AUTHORITY, PETITIONER, VS. COMMISSION ON AUDIT, RESPONDENT.

G.R. No. 218388 | 2019-10-15

D E C I S I O N
 
BERSAMIN, C.J.:
 
A loan agreement executed in conjunction with an exchange of notes between the Republic of the Philippines and a foreign government shall be governed by international law, with the rule on pacta sunt servanda as the guiding principle. Any subsequent agreement adjunct to the loan agreement shall be similarly governed.
 
The Case
 
We consider and resolve the petition for certiorari brought to nullify and set aside Decision No. 2012-268 dated December 28, 2012[1] and Resolution dated January 26, 2015,[2] both issued in COA CP Case No. 2011-294, whereby respondent...